Latin America Mining News

Aussie company signs agreement with Argentinian province over lithium assets

The deal confirms the company’s tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the Paso Lithium Brine Project.

Mexican election to pose limited risks to positive mining outlook: BMI

According to the market research firm, a possible victory by leftist Andrés Manuel López Obrador poses “minimal downside risks to an otherwise strong outlook” for the country's mining industry.

Giustra-backed Lithium X plunges on doubts about Chinese buyer

The Vancouver-based company fell the most in nearly two years Wednesday.

Billionaire Lundin chases base-metal buy with $3 billion budget

Copper ‘might be the easiest asset to work with:’ Lukas Lundin.

Samarco iron ore mine could reopen this year

Samarco Mineracao – a Vale-BHP joint venture – ceased operations in November 2015 following a deadly tailings dam burst.

Brazil's Vale 4th-qtr profit misses as costs rise, forex weighs

Vale said in a securities filing that net income totaled $771 million, compared with an average consensus estimate of $2.537 billion.

Fresnillo tanks as 2017 profit misses expectations, says costs to rise

The Mexico-focused precious metals miner expects cost inflation this year to be about 7%, compared with the 6.4% it faced in 2017.

Venezuelan government defends Mining Arc, environmentalists say it’s not working

Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.

Mexico slaps billionaire's steel company with fine for stock manipulation

Industrias CH was fined 2.96 million pesos ($159,764) at the end of November for making “prohibited trades” under a law banning simulating price or volume.

Condor Gold soars as Nicaragua project won’t relocate residents

Company's technical team believes the La India project is both technically viable and economically attractive with a redesigned open pit that does not require community resettlement.

Shipping gauge shows iron ore, copper prices heading for fall

CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.

Australia's top gold miner boosts bets on Ecuador's riches

Newcrest to invest $250 million to take stake in Lundin Gold.

The EV future is here and already boosting earnings for miners

“Look at what’s required over the next 50 years, 60 years, and known lithium on the planet, I don’t think it’s as much as everyone understands it to be.”

5 record breaking gemstones even billionaires can't buy

The global economy is booming and demand for precious jewels, particularly colored gemstones, has never been higher.

Tahoe lost $18 million last quarter on Escobal mine reopening delays

Adjusted loss was $17.7 million, which dramatically contrast with the $18.4 million profit logged a year ago, which reflects the impact of the ongoing shutdown of its flagship Escobal silver mine, in Guatemala.

Mandalay’s coffers suffered from Cerro Bayo’s downtime

The CEO of Mandalay dubbed 2017 as a challenging year for his company.

US copper stocks sprint to record high, reflecting transport costs, weak demand

Copper stocks held in warehouses registered with COMEX in the United States stand at 228,428 tonnes, up from below 90,000 tonnes at the start of 2017.

Barrick to hike gold output as Newmont gets too close to being world’s top producer

Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.

Barrick clings to top gold miner title as Newmont falls short

About 50,000 ounces — roughly 125 gold bars — is all that stands in the way of Newmont overtaking Barrick as world's No.1 bullion miner.

Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Hochschild says Peru mine to bolster output this year

Hochschild Mining Plc expects production to grow slightly this year as it ramps up output at the Pablo vein at its Pallancata mine in Peru

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Southern Copper wins auction for massive Peru copper project

Rio Tinto, Teck Resources, Hudbay were among copper miners interested in $2 billion Michiquillay project in Peru.